In 2027, Research And Markets Predicts The Market Will Grow To $295 Million

According to a report published by Research and Markets Company, the Kuwaiti data center industry and investment potential would increase at a compound annual growth rate of 10% between 2022 and 2027, rising to 166 million dollars in 2022 and up to 295.1 million dollars in 2027.

According to a local Arabic newspaper, the report dealt with an in-depth investigation of data-based insights on the influence of the Coronavirus on the data market and growth potential, as Kuwait is a growing center for information technology in the Middle East.

According to the report, Kuwait aims to be a "financial and commercial" center in the Middle East as part of the Vision 2035 initiative, with government agencies and the private sector turning to digital platforms to promote the development of cloud computing, shared sites, and managed facilities, as well as the growth of data market centers.

According to the analysis, an increase in Internet users will result in higher data generation and increased data traffic. Rapid networking development, greater government support, widespread usage of cloud services, big data, and the Internet all contributed to Kuwait's data center industry's rise.

According to the report, VRLA battery-based UPS systems dominate the market with a market share of more than 90%, as most data centers are equipped with UPS N1 systems that can be expanded up to 2N according to customer requirements, and the establishment of new projects in Kuwait dominates the market in addition to developing local standard data centers.

Ooredoo and Batelco announced cooperation in July 2020 to develop Global Zone Kuwait, which would serve as an ecosystem to promote Kuwait's digital transformation.

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